Insurance company board members
with different skills and experience reduce the risk of
"groupthink", the Bank of England said on Wednesday, reminding
firms to comply with requirements to have a diversity policy.
Canada plans to focus its next
budget on tackling climate change and its effects but the
insurance industry, amid skyrocketing costs, is concerned the
government will move too slowly on the key first step of mapping
Four bidders have expressed
interest in buying British Steel's French business, France's
finance minister said on Wednesday after Chinese steelmaker
Jingye Group said it would buy its British and Dutch assets.
The Bank of Canada, taking its
cue from other central banks, slashed a key interest rate by the
most in more than a decade on Wednesday to help tackle a
coronavirus outbreak and said it would cut again if necessary.
Investors pulled slightly more
than $13.6 billion out of mutual funds and exchange-traded funds
that hold U.S. equities last week, marking the sharpest pullback
from the domestic stock market since September, according to
data released on Wednesday by the Investment Company Institute.
The declines came...